US EditionFitch: Exit from Korea resort operations may help Mohegan in meet domestic refinancing needs
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Fitch: Exit from Korea resort operations may help Mohegan in meet domestic refinancing needs
Losing control of its Korean integrated resort INSPIRE could help US tribal casino operator Mohegan secure future funding to support domestic operations, according to ratings agency Fitch. In a Monday note, Fitch analysts noted that, while the company is no longer associated with INSPIRE after defaulting under the terms of a US$275 million “Korea Term Loan” and seeing its main lender Bain Capital use the opportunity to assume operational control…
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